Musk is making waves in a major company's structure by throwing a bunch of money and chaos magic at it. It isn't the first time.
Business Insider reported yesterday that Musk is being sued by a stakeholder. Other stakeholders would have benefited from the rise of stock prices if Musk had made his stake public sooner.
If Musk had come clean earlier, the stockholders could have made a 27 percent profit.
The last time Musk did something like that, he was the CEO of the company. Musk bought his way into the company by investing large amounts of money, even though he didn't find it. Sound familiar?
Unless Musk joined the board of directors, he didn't have a fiduciary responsibility to stockholders. He would have legally owed stakeholders his best behavior if he had joined.
It's within his rights if he's trying to stop a hostile takeover of Twitter by Musk.
It is possible that Musk is doing what he always does, which is whatever he wants, or maybe none at all. It's hard to tell if a guy who recently wentblin mode is planning a sequel or just getting back at a kid.
After suggesting a bunch of bizarre ideas, Musk said he was not going to join the board.
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